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Olin [163]
3 years ago
11

Which of the following statements is true​?

Business
1 answer:
stich3 [128]3 years ago
4 0

Answer:

The correct answer is option C.

Explanation:

A monopolistic competitive firm has a downward sloping demand curve. Such a firm is a price maker. It decides price and output through the interaction of the marginal revenue and marginal cost.

The marginal revenue is the change in revenue because of selling an additional output. At high prices, the marginal revenue will be positive while at low prices it will be negative.

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Suppose that the reserve requirement for checking deposits is 10 percent and that banks do not hold any excess reserves. If the
Vladimir79 [104]

Answer:

Take a look to the following explanation

Explanation:

Reserve ratio ,10%=0.1

Money multiplier=1/reserve ratio=1/0.1=10

If feds sells 1million$ bond the economy reserves increases by 1 million$ and money supply decrease by 10 million $(1*money multiplier).

If fed changes RR to 5% but banks choose to hold another ,5 percent as excess reserve ,then on aggregate actual reserve ratio will be 10%. So money multiplier would remain same,10 and so the money supply

8 0
3 years ago
During a selection stage interview, you should
gulaghasi [49]

Answer:

I'd have to go with B for this one

Explanation:

Reason for that would be because of the fact that you'd want your employer to see the skills and qualities for the job so that they know that they of course made the right decision based off your resume and such

8 0
2 years ago
A man wishes to purchase a life insurance policy that will pay the beneficiary $25,000 in the event that the man's death occurs
Citrus2011 [14]

Answer:

$1,500

Explanation:

Given that,

A man wishes to purchase a life insurance policy that will pay the beneficiary $25,000 if the man's death occurs in the next year.

The probability that the company pays nothing is 0.94 and there is 0.06 probability that the company pays $25,000.

So, on an average expected loss is as follows:

= 0.94 × $0 + 0.06 × $25,000

= $1,500

Hence, the minimum amount that he can expect to pay for his premium is $1,500.

7 0
3 years ago
Escalating worldwide demand for corn has led to a sharp increase in the market price of corn, and corn prices are likely to rema
Zigmanuir [339]

Answer:

<h2>If consumers who ate meat regularly in the past shifts to other substitute diets,then lower demand for meat could pull the meat price at least in the short term.Hence,the correct option could be (C) in this case.</h2>

Explanation:

Initially based on the basic demand and supply theory in Microeconomics,the excessive demand for corn as a livestock feed would increase the global corn price which along with less meat suppliers would be sequentially reflected in higher meat prices.Now,the higher price of corn as a raw material for livestock maintenance would raise the final price of meat in the market but to lower the prices at the same time,some demand side adjustment/s need/s to be made to restore the meat price to its previous point or position.Therefore,if the consumers switch to substitute diets for meat,the demand for meat decreases in the near future or considerably short period and the expected hike in meat price can be prevented or it can possibly decrease.Therefore,based on the demand and supply model,in this case,demand side adjustments in the market can expectedly contain the meat prices and pull it down in the short run.

6 0
2 years ago
The belief that changes in price level have no effect on the long-run quantity of final goods and services the economy can produ
valentina_108 [34]

Answer: The options are listed below:

A) upward-sloping aggregate demand curve.

B) downward-sloping aggregate supply curve.

C) long-run vertical aggregate supply curve.

D) short-run upward-sloping aggregate supply curve.

The correct option is C.

Explanation: The degree to which the rising and falling of price level affects the quantity of output demanded is shown by the upward or downward sloping of aggregate demand curves.

The relationship between the price level and the quantity of production of goods and services is shown by the long-run and short-run aggregate supply curves.

The short-run upward-sloping aggregate supply curve will illustrate the idea that the quantity supplied of a commodity increases when the price rises.

While the long-run vertical aggregate supply curve will show the beliefs of economists that in long-run, it is only the labor, capital and technology that can affect the quantity of final goods and services that one economy can produce.

7 0
3 years ago
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